Aetram Research India

Nifty Pharma Consolidates Near 26,360; Strength Above 26,450 Could Restore Upside, While 26,240 Failure Risks Renewed Sector Weakness - 22.08.2026

Aetram Research India - Nifty Pharma - Weekly Sector Outlook

Nifty Pharma Consolidates Near 26,360; Strength Above 26,450 Could Restore Upside, While 26,240 Failure Risks Renewed Sector Weakness - 22.08.2026

Current Market Price: 26,359.75

Market Prediction

Nifty Pharma is balancing between overhead averages and long-term support, leaving directional control evenly contested. RSI near 50 confirms neutral momentum, while MACD remains marginally negative and ADX at 12.63 signals weak trend strength. Acceptance above 26,450 could revive recovery; below 26,240, weakness may approach 26,050–25,900 over the coming sessions.

Upcoming Events

Positive Catalyst: New drug approvals and favourable regulatory clearances could strengthen sentiment across pharmaceutical companies.
Negative Catalyst: Adverse USFDA observations or pricing pressure in major export markets may restrict sector performance.
Positive/Negative Catalyst: Currency movement, healthcare policy updates and company-specific product launches could influence direction.

Major Support and Resistance

Support: 26,240, 26,050, 25,900
Resistance: 26,375, 26,450, 26,650

Volume Analysis

Volume remains restrained near 4.37 million, matching the sector’s narrow consolidation and absence of firm directional participation. Stronger activity above 26,450 would improve confidence, while expanding supply below 26,240 could disturb long-term support and stability.

Final Take Away

Pharma’s broader structure remains constructive above 26,250, but immediate momentum is neutral beneath 26,435. The sector needs acceptance above 26,450 to regain leadership; otherwise, sideways movement may continue with selective stock-specific strength across defensive counters.

Next Week Prediction

Next week, Pharma may consolidate between 26,240 and 26,450; stronger participation above resistance could unlock 26,650, while support failure may invite deeper correction toward 26,050.

Scenario-Based Outlook

Bullish Scenario: Above 26,450, price may move toward the 26,650–26,850 zone.
Bearish Scenario: Below 26,240, downside risk toward the 26,050–25,900 zone.
Neutral Scenario: Between 26,240–26,450, consolidation likely.

Disclaimer: This research report is for informational purposes only. This is not an offer to buy or sell securities. Past performance is not indicative of future results. There is no guarantee of returns. Investments in securities are subject to market risks including loss of capital. Investors should consult their financial advisor before making any investment decisions.

FMCG Bears Dominate Below 48,030; Recovery Beyond 48,100 Could Ease Pressure, While 47,300 Failure Risks 47,000 - 22.08.2026

Aetram Research India - NIFTY FMCG Weekly Sector Outlook

Aetram Research India - Nifty FMCG - Weekly Sector Outlook

FMCG Bears Dominate Below 48,030; Recovery Beyond 48,100 Could Ease Pressure, While 47,300 Failure Risks 47,000 - 22.08.2026

Current Market Price: 47,510.95

Market Prediction

Nifty FMCG remains structurally weak below all major moving averages after an extended decline. RSI at 38.67 reflects subdued momentum, while ADX at 35.45 confirms meaningful directional pressure. Holding 47,300 may support stabilisation, but sustained recovery requires 48,100; below 47,300, weakness could revisit 47,000 and 46,750 over coming sessions gradually.

Upcoming Events

Positive Catalyst: Favourable monsoon conditions and improving rural demand could support consumption-oriented companies.
Negative Catalyst: Higher palm oil, packaging and transportation costs may pressure operating margins.
Positive/Negative Catalyst: Inflation data, consumer demand trends and company pricing decisions could influence sector sentiment.

Major Support and Resistance

Support: 47,300, 47,000, 46,750
Resistance: 48,030, 48,100, 48,500

Volume Analysis

Volume remains light near 5.34 million despite the sharp sector decline, suggesting selling pressure has not reached capitulation intensity. Recovery needs broader participation; otherwise, low-volume rebounds beneath 48,100 may remain vulnerable to renewed supply pressure.

Final Take Away

FMCG remains firmly corrective, with price below every monitored average and ADX confirming persistent weakness. Defending 47,300 may allow stabilisation, but only a recovery above 48,100 would materially improve the near-term structure and momentum profile.

Next Week Prediction

Next week, FMCG may remain defensive below 48,100; holding 47,300 could encourage base formation, while persistent weakness risks a slide toward 46,750 before meaningful recovery.

Scenario-Based Outlook

Bullish Scenario: Above 48,100, price may move toward the 48,500–48,850 zone.
Bearish Scenario: Below 47,300, downside risk toward the 47,000–46,750 zone.
Neutral Scenario: Between 47,300–48,100, consolidation likely.

Nifty Auto Bears Hold Near-Term Edge Below 29,260; Strength Above 29,350 May Revive Recovery, While 28,950 Failure Risks 28,700 - 22.08.2026

Aetram Research India - Nifty Auto - Weekly Sector Outlook

Nifty Auto Bears Hold Near-Term Edge Below 29,260; Strength Above 29,350 May Revive Recovery, While 28,950 Failure Risks 28,700 - 22.08.2026

Current Market Price: 29,124.60

Market Prediction

Nifty Auto is consolidating below the short-term average after losing momentum near recent highs, although broader supports remain intact. RSI at 41.22 and negative MACD reflect subdued demand, while ADX at 14.63 signals weak directional conviction. Recovery requires 29,350; below 28,950, corrective pressure could deepen toward 28,700 and lower supports.

Upcoming Events

Positive Catalyst: Improving festive-season demand and stronger vehicle registrations could revive sentiment across automobile manufacturers.
Negative Catalyst: Higher metal, rubber and crude-linked input costs may pressure margins and restrict sector recovery.
Positive/Negative Catalyst: Monthly vehicle-sales data, interest-rate expectations and policy developments could influence sector direction.

Major Support and Resistance

Support: 28,950, 28,700, 28,500
Resistance: 29,260, 29,350, 29,600

Volume Analysis

Volume stands near 7.34 million and has moderated during the recent consolidation, reflecting limited conviction from both sides. A meaningful increase above 29,350 would support recovery, while heavier supply below 28,950 could intensify correction risk.

Final Take Away

Nifty Auto retains its broader positive structure above 28,864, but immediate momentum remains fragile beneath 29,260. Defending 28,950 may preserve consolidation; reclaiming 29,350 is necessary to restore confidence and reopen higher resistance zones next week.

Next Week Prediction

Next week, holding 28,950 could sustain range formation before recovery toward 29,600; failure to defend support may expose 28,700–28,500 amid cautious participation across auto counters.

Scenario-Based Outlook

Bullish Scenario: Above 29,350, price may move toward the 29,600–29,850 zone.
Bearish Scenario: Below 28,950, downside risk toward the 28,700–28,500 zone.
Neutral Scenario: Between 28,950–29,350, consolidation likely.

Nifty IT Bears Retain Control Below 30,795; Recovery Above 30,850 Could Reach 31,100, While 30,350 Failure Risks Deeper Weakness - 22.08.2026

Aetram Research India - Nifty IT - Weekly Sector Outlook

Nifty IT Bears Retain Control Below 30,795; Recovery Above 30,850 Could Reach 31,100, While 30,350 Failure Risks Deeper Weakness - 22.08.2026

Current Market Price: 30,532.25

Market Prediction

Nifty IT remains under corrective pressure below the 30,795–30,847 moving-average barrier, although the 30,350 long-term average is providing support. RSI at 45.80 reflects hesitant momentum, while ADX at 20.91 shows limited trend strength. Recovery above 30,850 could improve sentiment; below 30,350, bearish pressure may intensify toward 30,100 and nearby supports.

Upcoming Events

Positive Catalyst: Rupee depreciation could improve revenue-conversion expectations for export-oriented technology companies.
Negative Catalyst: Weakness in US technology shares or cautious global client spending may restrict sector recovery.
Positive/Negative Catalyst: Major outsourcing contracts, management commentary and global economic data could influence sector sentiment.

Major Support and Resistance

Support: 30,350, 30,100, 29,800
Resistance: 30,795, 30,850, 31,100

Volume Analysis

Volume is subdued near 4.75 million, indicating cautious participation during the decline and subsequent stabilisation. Without meaningful expansion, recovery conviction remains limited; stronger activity above 30,850 or below 30,350 should clarify directional sector control.

Final Take Away

Nifty IT is attempting to stabilise near 30,350, but price remains beneath key averages and momentum lacks authority. Reclaiming 30,850 would repair the structure; losing 30,350 could expose 30,100 and extend sector underperformance further near-term.

Next Week Prediction

Next week, holding 30,350 could support a rebound toward 30,850–31,100; continued rejection below the moving-average cluster may keep technology shares defensively positioned amid selective participation.

Scenario-Based Outlook

Bullish Scenario: Above 30,850, price may move toward the 31,100–31,400 zone.
Bearish Scenario: Below 30,350, downside risk toward the 30,100–29,800 zone.
Neutral Scenario: Between 30,350–30,850, consolidation likely.

Nifty Financial Services Bulls Rebound Above 26,200; Strength Beyond 26,400 Could Target 26,550, While 26,100 Failure Restores Pressure - 22.08.2026

Aetram Research India - Nifty Financial Services - Weekly Sector Outlook

Nifty Financial Services Bulls Rebound Above 26,200; Strength Beyond 26,400 Could Target 26,550, While 26,100 Failure Restores Pressure - 22.08.2026

Current Market Price: 26,261.00

Market Prediction

The index is rebounding from recent lows and has reclaimed the short-term average, while remaining below the 26,344–26,390 resistance cluster. RSI at 58.06 and improving MACD support recovery, though ADX at 23.17 suggests moderate conviction. Sustaining above 26,400 could strengthen upside; below 26,100, bearish pressure may return toward recent lows.

Upcoming Events

Positive Catalyst: Softer bond yields and supportive liquidity conditions could improve sentiment across financial services companies.
Negative Catalyst: Renewed foreign outflows or rising borrowing costs may restrict recovery beneath overhead resistance.
Positive/Negative Catalyst: RBI policy commentary, credit-growth data and institutional flows could influence near-term direction.

Major Support and Resistance

Support: 26,200, 26,100, 25,950
Resistance: 26,344, 26,400, 26,550

Volume Analysis

Volume stands near 19.48 million, reflecting measured participation during the rebound. Buying interest has improved without becoming forceful; expansion above 26,400 would strengthen confirmation, whereas heavier selling below 26,100 could accelerate weakness across financial constituents.

Final Take Away

Financial Services shows an improving recovery above 26,200, but overhead averages at 26,344–26,390 remain decisive barriers. Momentum favours further repair, provided 26,100 holds; failure there would undermine recovery and reopen 25,950 as the next support.

Next Week Prediction

Next week, acceptance above 26,400 could improve financial-sector breadth toward 26,550–26,700; continued rejection may keep the index confined between 26,100 and 26,400 during volatile movement.

Scenario-Based Outlook

Bullish Scenario: Above 26,400, price may move toward the 26,550–26,700 zone.
Bearish Scenario: Below 26,100, downside risk toward the 25,950–25,800 zone.
Neutral Scenario: Between 26,100–26,400, consolidation likely.

Bank Nifty Bulls Regain Control Above 57,600; Strength Beyond 57,850 Could Target 58,100, While 57,450 Failure Revives Pressure - 22.08.2026

Aetram Research India - BANK NIFTY Weekly Sector Outlook

Aetram Research India - BankNifty - Weekly Sector Outlook

Bank Nifty Bulls Regain Control Above 57,600; Strength Beyond 57,850 Could Target 58,100, While 57,450 Failure Revives Pressure - 22.08.2026

Current Market Price: 57,761.95

Market Prediction

Bank Nifty is recovering above its moving-average cluster, indicating improving short-term demand. RSI at 63.26 and positive MACD momentum favour bulls, while ADX at 26.23 shows strengthening directional conviction. Holding 57,600 keeps 57,850–58,100 accessible; however, rejection near resistance or weakness below 57,450 could revive consolidation pressure across banking counters nearby.

Upcoming Events

Positive Catalyst: Continued liquidity support and institutional participation could reinforce demand across heavyweight banking shares.
Negative Catalyst: Rising bond yields or renewed foreign outflows could restrict valuation-sensitive financial stocks.
Positive/Negative Catalyst: RBI commentary, liquidity developments and banking-sector updates may influence directional sentiment.

Major Support and Resistance

Support: 57,600, 57,450, 57,300
Resistance: 57,850, 58,100, 58,300

Volume Analysis

Volume remains moderate near 28.95 million, with recent recovery lacking aggressive participation. Momentum improvement is constructive, but stronger volume expansion above 57,850 would validate sustained demand; fading activity near resistance could encourage renewed profit booking.

Final Take Away

Bank Nifty holds a constructive recovery bias above 57,600, supported by improving oscillators and price above key averages. Strength requires acceptance beyond 57,850, while a fall below 57,450 would weaken momentum and reopen lower supports.

Next Week Prediction

Next week, sustained positioning above 57,600 could lift Bank Nifty toward 58,100–58,300; failure to protect 57,450 may return the index to consolidation near lower supports.

Scenario-Based Outlook

Bullish Scenario: Above 57,850, price may move toward the 58,100–58,300 zone.
Bearish Scenario: Below 57,450, downside risk toward the 57,300–57,000 zone.
Neutral Scenario: Between 57,450–57,850, consolidation likely.

Nifty 50 Bulls Defend 24,250, but Strength Above 24,310 Is Needed; Failure Below 24,200 Could Renew Near-Term Pressure - 22.08.2026

Aetram Research India - NIFTY 50 Weekly Sector Outlook

Nifty 50 Bulls Defend 24,250, but Strength Above 24,310 Is Needed; Failure Below 24,200 Could Renew Near-Term Pressure - 22.08.2026

Current Market Price: 24,252

Market Prediction

Nifty remains range-bound near a tightly clustered moving-average zone, reflecting balanced control. RSI at 55.43 and a positive MACD crossover support a mild recovery bias, but ADX at 17.88 signals weak trend conviction. Sustained acceptance above 24,310 could strengthen momentum, whereas a close below 24,200 may restore selling pressure quickly.

Upcoming Events

Positive Catalyst: Sustained domestic institutional inflows could support recovery and strengthen market breadth.
Negative Catalyst: Renewed foreign institutional selling may restrict gains near immediate resistance levels.
Positive/Negative Catalyst: Global equity sentiment, crude oil movement and US dollar volatility could influence near-term direction.

Major Support and Resistance

Support: 24,250, 24,200, 24,100
Resistance: 24,310, 24,450, 24,600

Volume Analysis

Volume remains subdued near 49.44 million, showing limited participation as price tests the moving-average cluster. The absence of strong expansion reduces conviction, so directional confirmation requires higher activity alongside acceptance beyond 24,310 or below 24,200.

Final Take Away

Nifty carries a mildly positive bias above 24,250, supported by improving momentum, yet weak ADX keeps the structure range-bound. A decisive move above 24,310 strengthens recovery prospects; loss of 24,200 would shift control toward bears.

Next Week Prediction

Next week, holding 24,200 may preserve consolidation with an upward tilt; acceptance above 24,310 could expose 24,450–24,600, while rejection risks a renewed test of support.

Scenario-Based Outlook

Bullish Scenario: Above 24,310, price may move toward the 24,450–24,600 zone.
Bearish Scenario: Below 24,200, downside risk toward the 24,100–23,950 zone.
Neutral Scenario: Between 24,200–24,310, consolidation likely.